Property beside Dart and Luas lines cost buyers extra €114k

LIVING close to the Luas or the Dart might be handy for getting around but it’ll hit you in the pocket.

A house or apartment within a 15-minute walk – about 2km – of a stop or station commands a whopping €114,000 premium on average, compared to homes further away, research shows.

House prices close to Dart stations and Luas stops are also rising faster. They were up by 4% in the first three months of the year to an average of €492,000, according to property website daft.ie. Homes in the rest of Dublin also went up, but by less, 3.1%, over the same time period.

Economist Ronan Lyons, of Trinity College Dublin, who compiled the report, said: ‘The price of housing reflects not only the dwelling itself but also a wide range of nearby amenities.’

And Martin Clancy, from Daft.ie, said: ‘Infrastructural inflation is, unsurprisingly, driving up premiums for properties with good connectivity. For example, on the Luas green line 16 of the 27 stops have average property prices in excess of half a million euro.’

Commuters on the Dublin south coastline pay, on average, the most for a property close to a Dart station with prices averaging €625,000.

Prices near Dart stations are among the most expensive analysed with Lansdowne Road, €765,000, Sydney Parade, €761,000, and Blackrock, €734,000, accounting for four of the top five most expensive stations to live by, on the new maps produced by Daft.ie.